2023 Q4 Form 20-F Financial Statement

#000121390024037229 Filed on April 29, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $3.301B 3.301B cnies $0.00
YoY Change
Cost Of Revenue $3.161B 3.161B cnies
YoY Change 24.62%
Gross Profit $140.2M 140.2M cnies
YoY Change -1.47%
Gross Profit Margin 4.25% 4.25%
Selling, General & Admin $250.8M 250.8M cnies $930.0K
YoY Change 26871.94% 11512.92% 675.0%
% of Gross Profit 178.88% 178.88%
Research & Development $57.17M 57.17M cnies
YoY Change 14.46%
% of Gross Profit 40.77% 40.77%
Depreciation & Amortization $3.149M 1.000M cnies
YoY Change -16.67%
% of Gross Profit 2.25% 0.71%
Operating Expenses $308.0M 308.0M cnies $930.0K
YoY Change 33018.92% 14159.54% 675.0%
Operating Profit -$167.8M -167.8M cnies
YoY Change 44.7%
Interest Expense $1.406M 1.446M cnies $660.0K
YoY Change 113.03% -85.81% -75.09%
% of Operating Profit
Other Income/Expense, Net -$5.949M -127.0K cnies $450.0K
YoY Change -1422.0% -128.22%
Pretax Income -$160.0M -160.0M cnies $190.0K
YoY Change -84285.79% -1986.24% -92.49%
Income Tax -$363.0K -363.0K cnies
% Of Pretax Income
Net Earnings -$921.8M -159.6M cnies $190.0K
YoY Change -485236.32% -1981.96% -92.49%
Net Earnings / Revenue -27.92% -4.83%
Basic Earnings Per Share -$20.30
Diluted Earnings Per Share -$12.17 -$20.30 $0.01
COMMON SHARES
Basic Shares Outstanding 45.42M shares
Diluted Shares Outstanding 45.42M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $264.9M $264.9M $100.0K
YoY Change 264766.0% 264766.0% -85.71%
Cash & Equivalents 243.4M cnies $243.4M 114.9M cnies
Short-Term Investments $21.47M $21.47M
Other Short-Term Assets $9.407M $9.407M $0.00
YoY Change -100.0%
Inventory
Prepaid Expenses
Receivables 466.1M cnies $466.1M 401.7M cnies
Other Receivables $39.91M $39.91M
Total Short-Term Assets 780.3M cnies $780.3M $100.0K
YoY Change 780153.0% 780153.0% -87.5%
LONG-TERM ASSETS
Property, Plant & Equipment 1.667M cnies $11.92M 2.171M cnies
YoY Change -23.22%
Goodwill 84.61M cnies 84.61M cnies
YoY Change 0.0%
Intangibles 8.050M cnies 10.15M cnies
YoY Change -20.69%
Long-Term Investments $69.80M
YoY Change -78.47%
Other Assets 4.149M cnies $9.149M
YoY Change
Total Long-Term Assets 113.7M cnies $113.7M $69.80M
YoY Change 62.93% 62.93% -78.47%
TOTAL ASSETS
Total Short-Term Assets 780.3M cnies $780.3M $100.0K
Total Long-Term Assets 113.7M cnies $113.7M $69.80M
Total Assets 894.0M cnies $894.0M $69.90M
YoY Change 1178.94% 1178.94% -78.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable 316.9M cnies $316.9M $800.0K
YoY Change 39508.5% 39508.5% 166.67%
Accrued Expenses 789.0K cnies $78.44M $1.300M
YoY Change -39.31% 5934.15% 550.0%
Deferred Revenue 4.295M cnies 900.0K cnies
YoY Change 377.22% -89.66%
Short-Term Debt 20.00M cnies $20.00M $1.500M
YoY Change 1233.33% 1233.33%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities 501.5M cnies $501.5M $3.500M
YoY Change 14229.51% 14229.51% 600.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $12.25M $12.25M $300.0K
YoY Change 3983.0% 3983.0% -98.52%
Total Long-Term Liabilities 14.26M cnies $12.25M $300.0K
YoY Change 4654.0% 3983.0% -98.52%
TOTAL LIABILITIES
Total Short-Term Liabilities 501.5M cnies $501.5M $3.500M
Total Long-Term Liabilities 14.26M cnies $12.25M $300.0K
Total Liabilities 515.8M cnies $515.8M $3.800M
YoY Change 13473.55% 13473.55% -81.73%
SHAREHOLDERS EQUITY
Retained Earnings -2.114B cnies -1.260B cnies
YoY Change 67.83%
Common Stock 5.000K cnies 2.000K cnies
YoY Change 150.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) 1.025M cnies 1.025M cnies
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity 378.2M cnies $378.2M $66.10M
YoY Change
Total Liabilities & Shareholders Equity 894.0M cnies $894.0M $69.90M
YoY Change 1178.94% 1178.94% -78.49%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income -$921.8M -159.6M cnies $190.0K
YoY Change -485236.32% -1981.96% -92.49%
Depreciation, Depletion And Amortization $3.149M 1.000M cnies
YoY Change -16.67%
Cash From Operating Activities -$26.29M -27.00M cnies -$130.0K
YoY Change 20123.08% 4809.09% 225.0%
INVESTING ACTIVITIES
Capital Expenditures $549.0K 549.0K cnies
YoY Change -55.73%
Acquisitions
YoY Change
Other Investing Activities -$7.669M $13.37M -$370.0K
YoY Change 1972.7% -94.78%
Cash From Investing Activities -$8.218M 12.82M cnies -$370.0K
YoY Change 2121.08% -94.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net 0.000 cnies $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 160.7M 140.3M cnies 370.0K
YoY Change 43341.89% -154.82%
NET CHANGE
Cash From Operating Activities -26.29M -27.00M cnies -130.0K
Cash From Investing Activities -8.218M 12.82M cnies -370.0K
Cash From Financing Activities 160.7M 140.3M cnies 370.0K
Net Change In Cash 126.2M 128.4M cnies -130.0K
YoY Change -97197.69% -23454.0% 225.0%
FREE CASH FLOW
Cash From Operating Activities -$26.29M -27.00M cnies -$130.0K
Capital Expenditures $549.0K 549.0K cnies
Free Cash Flow -$26.84M -27.55M cnies
YoY Change 1439.05%

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CY2023 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
600000 usd
CY2022 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
2100000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>c)</b></td><td style="text-align: justify"><b>Use of estimates</b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left; text-indent: 0.25in">The preparation of the Group’s consolidated financial statements in conformity with the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the balance sheet date and reported revenues and expenses during the reported periods in the consolidated financial statements and accompanying notes. Significant accounting estimates include, but are not limited to, provision of current expected credit losses of receivables, fair value of amounts due to related party, ordinary shares and preferred shares and warrant, as well as the valuation and recognition of share-based compensation expenses. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.</p>
CY2022Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
11500000 usd
CY2022Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
80100000 cny
CY2023Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
18200000 usd
CY2023Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
129300000 cny
CY2022Q4 ccg Cast At Bank Denominate
CastAtBankDenominate
34800000 usd
CY2023Q4 ccg Cast At Bank Denominate
CastAtBankDenominate
114100000 cny
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
113900000 cny
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
124400000 cny
CY2022Q4 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.991 pure
CY2023Q4 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.511 pure
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
5000000 cny
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
5000000 cny
CY2022Q4 us-gaap Deposits
Deposits
34800000 cny
CY2023Q4 us-gaap Deposits
Deposits
21500000 cny
CY2021 us-gaap Interest Income Other
InterestIncomeOther
100000 cny
CY2022 us-gaap Interest Income Other
InterestIncomeOther
80000.00 cny
CY2023 us-gaap Interest Income Other
InterestIncomeOther
160000 cny
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
500000 cny
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
20000.00 cny
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1200000 cny
CY2022Q4 us-gaap Goodwill
Goodwill
84600000 cny
CY2023Q4 us-gaap Goodwill
Goodwill
84600000 cny
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3300000 cny
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8700000 cny
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
900000 cny
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3300000 cny
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8700000 cny
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
900000 cny
CY2023Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
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56200000 cny
CY2021Q4 us-gaap Grants Receivable
GrantsReceivable
1100000 cny
CY2022Q4 us-gaap Grants Receivable
GrantsReceivable
1400000 cny
CY2023Q4 us-gaap Grants Receivable
GrantsReceivable
1400000 cny
CY2021Q4 ccg Unamortized Portion Of Deferred Government Grants
UnamortizedPortionOfDeferredGovernmentGrants
800000 cny
CY2022Q4 ccg Unamortized Portion Of Deferred Government Grants
UnamortizedPortionOfDeferredGovernmentGrants
300000 cny
CY2022Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
48600000 cny
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
0.50 pure
CY2023 ccg Statutory Surplus Of Registered Capital Of Entity
StatutorySurplusOfRegisteredCapitalOfEntity
0.50 pure
CY2023 us-gaap Concentration Risk Credit Risk
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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>cc)</b></td><td style="text-align: justify"><b>Concentration and risk</b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.25in"><i>Foreign currency exchange rate risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left; text-indent: 0.25in">The Group’s operating transactions are mainly denominated in RMB. RMB is not freely convertible into foreign currencies. The value of the RMB is subject to changes by the central government policies and to international economic and political developments. In the PRC, certain foreign exchange transactions are required by law to be transacted only through authorized financial institutions at exchange rates set by the People’s Bank of China (the “PBOC”). Remittances in currencies other than RMB by the Group in the PRC must be processed through PBOC or other PRC foreign exchange regulatory bodies which require certain supporting documents in order to effect the remittances. As of December 31, 2022 and 2023, the Group’s cash and cash equivalents, and restricted cash denominated in RMB were RMB39.8 million and RMB119.1 million, accounting for 33.2% and 47.9% of the Group’s total cash, cash equivalents and restricted cash, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.25in"><i>Credit risk and concentration risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left; text-indent: 0.25in">Financial instruments that potentially subject the Group to the concentration of credit risk consist of cash and cash equivalents, restricted cash and accounts receivable. As of December 31, 2022 and 2023, the Group’s cash and cash equivalents, and restricted cash were typically unsecured and highly concentrated in a few major financial institutions located in China, which management consider being of high credit quality and continually monitors the creditworthiness of these financial institutions. Accounts receivable is typically unsecured and is generally derived from revenue earned from the Company’s insurance transaction services business.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.25in"><i>Concentration of customers and suppliers</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left; text-indent: 0.25in">There was <span style="-sec-ix-hidden: hidden-fact-150">nil</span>, <span style="-sec-ix-hidden: hidden-fact-151">nil</span> and <span style="-sec-ix-hidden: hidden-fact-152">nil</span> customer which individually accounted for 10% or more of the Group’s total operating revenue for the years ended December 31, 2021, 2022 and 2023.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left; text-indent: 0.25in">There was <span style="-sec-ix-hidden: hidden-fact-153">nil</span>, <span style="-sec-ix-hidden: hidden-fact-154">nil</span> and <span style="-sec-ix-hidden: hidden-fact-155">nil</span> supplier which individually accounted for more than 10% of the Group’s total costs and expenses for the years ended December 31, 2021, 2022 and 2023.</p>
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CashCashEquivalentsAndShortTermInvestments
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CY2023Q4 us-gaap Restricted Cash Equivalents
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CY2022 ccg Percentage Of Cash Equivalents And Restricted Cash
PercentageOfCashEquivalentsAndRestrictedCash
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CY2023 ccg Percentage Of Cash Equivalents And Restricted Cash
PercentageOfCashEquivalentsAndRestrictedCash
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CY2023Q4 us-gaap Preferred Stock Shares Issued
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CY2023Q4 ccg Common Shares Issued And Outstanding
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CY2023Q4 us-gaap Preferred Stock Convertible Shares Issuable
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CY2023Q4 ccg Ordinary Shares Issued And Outstanding
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CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
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CY2023Q3 us-gaap Shares Issued
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CY2023Q4 ccg Shares Outstanding To Reverse Recapitalization
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CY2023 us-gaap Conversion Of Stock Shares Issued1
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CY2023 ccg Reverse Recapitalizationand Pipe Transactions
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CY2022Q4 us-gaap Accounts Receivable Gross
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CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
468296000 cny
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2230000 cny
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
401667000 cny
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1004000 cny
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1027000 cny
CY2022 ccg Allowance For Doubtful Accounts Receivable Additions
AllowanceForDoubtfulAccountsReceivableAdditions
23000 cny
CY2023 ccg Allowance For Doubtful Accounts Receivable Additions
AllowanceForDoubtfulAccountsReceivableAdditions
1203000 cny
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1027000 cny
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2230000 cny
CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
34215000 cny
CY2023Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
39914000 cny
CY2022Q4 ccg Service Fees
ServiceFees
4057000 cny
CY2023Q4 ccg Service Fees
ServiceFees
4504000 cny
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
2603000 cny
CY2023Q4 us-gaap Prepaid Rent
PrepaidRent
2449000 cny
CY2022Q4 ccg Prepaid Staff Advance
PrepaidStaffAdvance
1292000 cny
CY2023Q4 ccg Prepaid Staff Advance
PrepaidStaffAdvance
230000 cny
CY2022Q4 ccg Prepaid Rental Expense For Other Leases
PrepaidRentalExpenseForOtherLeases
695000 cny
CY2023Q4 ccg Prepaid Rental Expense For Other Leases
PrepaidRentalExpenseForOtherLeases
630000 cny
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1550000 cny
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1594000 cny
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
44412000 cny
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
49321000 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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2100000 cny
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9253000 cny
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9445000 cny
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7082000 cny
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7778000 cny
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2171000 cny
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1667000 cny
CY2021 us-gaap Depreciation
Depreciation
1700000 cny
CY2022 us-gaap Depreciation
Depreciation
1200000 cny
CY2023 us-gaap Depreciation
Depreciation
1000000 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
58916000 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
58916000 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10150000 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8050000 cny
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2200000 cny
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2100000 cny
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2100000 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2100000 cny
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
11984000 cny
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
9013000 cny
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
8880000 cny
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1317000 cny
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1949000 cny
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1194000 cny
CY2021 us-gaap Lease Cost
LeaseCost
13301000 cny
CY2022 us-gaap Lease Cost
LeaseCost
10962000 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2100000 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1750000 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8050000 cny
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
84609000 cny
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
84609000 cny
CY2022Q4 us-gaap Goodwill
Goodwill
84609000 cny
CY2023Q4 us-gaap Goodwill
Goodwill
84609000 cny
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14723000 cny
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10249000 cny
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7676000 cny
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3951000 cny
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6226000 cny
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5398000 cny
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13902000 cny
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
9349000 cny
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y5M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M7D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0391 pure
CY2023 us-gaap Lease Cost
LeaseCost
10074000 cny
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
11512000 cny
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
5065000 cny
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
8984000 cny
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16305000 cny
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8787000 cny
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5602000 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4261000 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2867000 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1325000 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1432000 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9885000 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
536000 cny
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
9349000 cny
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3951000 cny
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
20000000 cny
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
20000000 cny
CY2023Q4 us-gaap Other Short Term Borrowings
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10000000 cny
CY2022Q2 us-gaap Line Of Credit Facility Annual Principal Payment
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10000000 cny
CY2022Q1 us-gaap Line Of Credit Facility Annual Principal Payment
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CY2022Q2 us-gaap Line Of Credit Facility Annual Principal Payment
LineOfCreditFacilityAnnualPrincipalPayment
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CY2022Q2 us-gaap Line Of Credit Facility Annual Principal Payment
LineOfCreditFacilityAnnualPrincipalPayment
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CY2023Q2 us-gaap Line Of Credit Facility Annual Principal Payment
LineOfCreditFacilityAnnualPrincipalPayment
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CY2023 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2025-06-13
CY2023Q2 us-gaap Line Of Credit Facility Annual Principal Payment
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CY2023Q2 us-gaap Line Of Credit Facility Annual Principal Payment
LineOfCreditFacilityAnnualPrincipalPayment
50000000 cny
CY2023Q4 us-gaap Short Term Bank Loans And Notes Payable
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20000000 cny
CY2023 us-gaap Short Term Debt Interest Rate Increase
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CY2021Q1 us-gaap Short Term Investments
ShortTermInvestments
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CY2021Q2 us-gaap Short Term Investments
ShortTermInvestments
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
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CY2018Q2 ccg Income Tax Assessable Profit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2023 ccg Income Tax Assessable Profit
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CY2023 ccg Preferential Tax Rate
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Taxes Paid
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CY2022 us-gaap Income Taxes Paid
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CY2023 us-gaap Income Taxes Paid
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Loss Attributable To Parent
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CY2022 us-gaap Income Loss Attributable To Parent
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CY2023 us-gaap Income Loss Attributable To Parent
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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